Dancing around the fire is not the solution to any problem. One should try to see beneath the surface in order to grasp an idea about the basic issue. Despite a stream of stung words and announcements made by the previous governments of Pakistan, there is a woeful neglect in accepting the challenges of the present millennium rather the situation has taken a quantum leap for the worse.
On the other hand there are the most exciting times in the perspective of progress ever observed in the recorded history of mankind. All countries of the world are making the progress in almost all aspects of life. These countries are working hard to face the challenges of 21st century. The world in which we are living has become the world of information and technology. The old concept of ruling the world with power has completely changed by the disintegration of soviet union in the last decade of the previous century. The progress speeds of many countries are remarkable.
China got independence two years after Pakistan but it has increased its speed of development up to a great extent. Today china is enjoying the status of world’s second fastest growing economy post Mayo, china has established an all time global record in doubling its per capita income between 1977 and 1987. According to a world Bank purchasing power parity (ppp) china has a GDP of just under $3.0 trillions which is second largest after united states of America. If one accepts the projections of a Rand study of 1995 china will become world’s largest economy by 2010 with GDP of $11.3 trillions. China has managed to get a complete control over the markets of many countries. Its trade abilities have captured a great foreign exchange reserve. Now china has entered in the making of such a car which may be considered very well prepared country to face the challenging environment of new millennium. It can also be said that today no effort to regulate global trade can be succeeded if china is not part of decreased.